GTE FCU this week reopened its St. Charles Parish branch in Boutte, La., just southwest of New Orleans. It is in the process of opening its branch inside City Hall, but is unsure when it will open two other branches in New Orleans that were hard hit by Hurricane Katrina. Before the storm, 27 GTE FCU employees worked in the Louisiana branches. Ten of those employees have since relocated temporarily or permanently to GTE FCU headquarters in Tampa, or to other Florida locations.
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
